BEIJING — China has approved a certain number of export license applications for rare earth-related items, considering rising global demand for medium and heavy rare earth elements driven by industries such as robotics and new energy vehicles, a spokesperson with the Ministry of Commerce said Saturday. Rare earth-related items have dual-use attributes for both military…
Huaxia Bank has gained approval from the People’s Bank of China to issue up to 10 billion yuan ($1.4 billion) of green bonds. [Photo/Sipa] BEIJING – Huaxia Bank, a mid-sized lender in China, has gained approval from the People’s Bank of China to issue up to 10 billion yuan ($1.4 billion) of green bonds to…
Data shows China had 193,000 convenience stores in 2020. The sales volume of branded chain convenience stores in China reached 296.1 billion yuan ($46.08 billion), up about 6 percent year-on-year. The China Chain Store Association and KPMG released a report on the development of China’s convenience stores on May 13 based on 89 convenience store…
The market value of the 87 listed home appliances companies in China reached 2.05 trillion yuan ($322.76 billion) as of Dec 31, 2021, with three exceeding 100 billion yuan and one topping 500 billion yuan. Midea Group, Haier Smart Home and Gree Electric Appliances grabbed the top 3 places in market value. The top 10…
BEIJING — China’s Ministry of Finance on Wednesday issued this year’s third batch of yuan-denominated treasury bonds — worth a total of 12.5 billion yuan ($1.74 billion) — in the Hong Kong Special Administrative Region. The issuance included 3.5 billion yuan of two-year bonds, 3 billion yuan of three-year bonds, 3 billion yuan of five-year…
In response to recent US moves to block Chinese semiconductor firms from accessing advanced chip design tools, Shanghai UniVista Industrial Software Group said it will offer free trials and evaluations of its critical electronic design automation, or EDA, tools to domestic users. This is aimed at alleviating the mounting challenges faced by China’s chip industry.…
China Internet Week announced the 2023 smart computing server providers list in December. Computing servers have brought changes to science, industries and business sectors amid the rapid advancements in artificial intelligence and big data. IEIT System, an AI server company of Inspur Group, ranked first, while H3C and Huawei secured the second and third spots…
This photo taken on June 7, 2024 shows a smart assembly line at Seres Group’s super factory in Liangjiang New Area, Chongqing, Southwest China. [Photo/Xinhua] BEIJING — China will launch a pilot in some 30 cities to integrate human resources (HR) services with the manufacturing sector, the Ministry of Human Resources and Social Security said…
The European Union’s latest move to exclude Chinese companies from bidding on public procurement contracts in the medical devices sector has raised concerns over rising protectionism within the bloc and the potential for escalating trade tensions with China, market watchers said on Wednesday. Their comments came after EU member states decided to block Chinese companies…
A view of Tencent’s new headquarters under construction, which sits in Baoan district, Shenzhen, Guangdong province, May 13, 2025. [Photo/VCG] Chinese tech company Tencent is ramping up efforts to recruit young talent through its largest-ever campus hiring project, aiming to offer 28,000 internship positions over the next three years in a bid to support high-quality…